Shipping exports are down at the Port of Vancouver. This port is one of the largest on the West Coast of North America. Major exports are commodities (minerals, energy, lumber, fertilizer and agricultural products).
2010 was the last year that laden exports were lower than this year. From 2011-2020 monthly laden exports were mostly higher than this year's.
This could be a major recessionary signal.
Growth could be slowing in Asian markets due to the impacts of COVID.
Japan, China, Korea and Taiwan all faced harsh lockdowns. Meanwhile, India was ravaged by the virus for many months. As an aside many Latin American countries experienced high mortalities from the virus.
https://www.portvancouver.com/wp-content/uploads/2021/08/Container-Statistics-Monthly-June-2021.pdf
Submitted August 14, 2021 at 12:52AM by thecrazednutter https://ift.tt/3xRE2Du
